The CBOT finished the week on a mostly higher note with corn, soybeans, and wheat all posting gains on Friday. Trade continues to be choppy and two-sided with low volume as traders pare back risk appetites amid the Russia-Ukraine war and next week’s USDA reports. The hog market, however, posted large gains to end the week with June and further deferred futures scoring new contract highs amid another $5-7 move higher in the cash market. For the day, funds were net buyers in corn and added 8,000 contracts to their position. Funds also bought some 6,000 contracts of soybeans and a modest 3,000 contracts of CBOT wheat. Managed money traders finished the week buying 7,000 contracts of soymeal while selling some 2,000 contracts of so...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.